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Fed Chair Powell sounds alarm on tariffs, sending stocks lower ABC NewsStocks slide as Powell warns of impact of tariffs on the economy CNNTrump's tariffs are ‘likely' to push prices up, Fed chief warns, prompting market slide The Washington PostFederal Reserve Chair Jerome Powell Delivers Economic Outlook in Chicago
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Dow loses 500 points, Nasdaq falls 3% on big tech drop and tariff fears: Live updates CNBCStocks slide as Powell warns of impact of tariffs on the economy CNNStock market today: Dow, S&P 500, Nasdaq smoked as Powell warns of 'challenging' tariff impact, Nvidia plunges Yahoo FinanceStock Market News Today: Markets slide on Powell, tariffs (SP500:S&P Complete Indices) Seeking Alpha
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Nvidia stock slides premarket after warning of $5.5 billion hit from Trump's China chip restrictions Business InsiderStocks Tumble as Tech Investors Pull Back The New York TimesStock Market Today: Nasdaq Futures Fall After Nvidia Warns of $5.5 Billion Charge on New China Export Curbs WSJTrump administration backs off Nvidia's 'H20' chip crackdown after Mar-a-Lago dinner NPRDow Jones Futures Fall As Nvidia Plunges On AI Chip Warning Investor's Busines
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About 145 million American adults say that they own or have owned cryptocurrency. Statistically, that's more than half of your co-workers, neighbors and friends.
It's also about the number of Americans who own stocks.
Even though it's not regulated by a government agency, cryptocurrency is becoming mainstream. However, President Biden recently signed an executive order to address cryptocurrency risks with a whole-of-government approach that could make cryptocurrency even more attractive to investors as well as traditional banks and credit unions.
SEE MORE Crypto Has Been Through the Wringer in 2022: What Now?
For the near term though, cryptocurrency remains a volatile, speculative asset that will likely continue its gut-wrenching booms and busts. That's not to say that cryptocurrency doesn't belong in a well-diversified portfolio, but I recommend that my clients first educate themselves about cryptocurrency before deciding whether or not to invest.
As Warren Buffet said about investing in cryptocurrency: "I get into enough trouble with the things I think I know something about. Why in the world should I take a long or short position in something I don't know about?"
Here are some important concepts to get comfortable with.
How Cryptocurrency Works: The Basics
Say you order a new set of patio furniture online. A credit card company or p
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